1、 The lithium hexafluorophosphate market is recovering and showing a clear trend of stabilization and recovery. As of July 27th, the benchmark price of battery grade lithium hexafluorophosphate was 104500 yuan/ton, a decrease of 2.34% from the beginning of the month.
2、 Raw material side: The price of raw material battery grade lithium carbonate is running weakly and steadily. As of July 27th, the benchmark price of Business Society’s lithium carbonate (battery grade) was 143000.00 yuan/ton, a decrease of 8.33% compared to the beginning of this month (156000.00 yuan/ton). Although the cost side price is relatively weak, the industry’s capacity utilization rate remains high, and the downward space for costs is limited. The bottom support for the price of lithium hexafluorophosphate still exists.
3、 Demand side: The peak season is approaching, and downstream demand continues to be strong. The demand side is the main driving force behind the current market trend. The demand for downstream power batteries and energy storage continues to increase, and the traditional peak season in the third quarter has driven the saturation of electrolyte orders. In addition, the increasing certainty of demand in the energy storage track and the continuous release of global demand for energy storage cells provide strong support for upstream materials such as lithium hexafluorophosphate.
4、 Market forecast: The current lithium hexafluorophosphate market is showing a pattern of “slight cost loosening and sustained strong demand”. Against the backdrop of a decline in lithium carbonate prices, the price of lithium hexafluorophosphate can still rise slightly against the trend, reflecting the strong resilience of downstream demand. With the deepening of the peak season in the third quarter, it is expected that prices will operate steadily, moderately, and strongly supported by demand.
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